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| 1. |
Write a short note on world trade organisation? |
| Answer» World Trade Organisation (WTO) is an organisation with 160 members (2014), and it aims to liberalise the international trade. At the international level, the WTO has pressured developing countries to liberalise trade and investment.\xa0Importance:\tTo improve the standard of living of people in the member countries.\tTo ensure full employment.\tTo increase the trade of services.\tTo ensure optimum utilization of world resources.\tTo protect the environment.Functions:\tTo implement of rules and provision reviewing of trade policy.\tTo provide a platform for member countries to decide future strategies related to trade and stuff.\tTo ensure optimum use of the world resources.\tTo administer rules and regulations related to dispute settlement. | |